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Bitcoin as a complement to emerging market currencies

Bitcoin as a complement to emerging market currencies

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MIT Bitcoin Expo 2022: Breaking Through - Crypto Adoption in Emerging Markets
This study is one of the first studies to examine Bitcoin's use as a complement to emerging markets currencies; more specifically, I analyze the. Despite its rise, it has received little attention from the scholarly community. This study is one of the first studies to examine Bitcoin's use as a complement. EP: Bitcoin has not worked very well as a medium of exchange that can be used for day-to-day transactions. One main reason is that Bitcoin has very unstable.

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J Financ 48 5 � Furthermore, Baur and Dimpfl ascertain that Bitcoin cannot work as a currency because it is unstable and not backed by any government. In terms of cryptocurrency valuation, in the absence of a common valuation model, cryptocurrencies prices will follow expectations about how news will be interpreted by key stakeholders. Kang and Lee constructed a search-theoretic model to investigate how conventional money and Bitcoin facilitate transactions and concluded that benefits in an economy with both is lower than in a money-only economy due to surcharges in the confirmation of Bitcoin transactions.